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Debt-to-Income Ratio (DTI):
A personal finance measure that compares an individual's monthly debt payment to their monthly gross income.
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Australians Cite Housing Expenses as Leading Financial Stressor in 2026

Canstar Survey Highlights Growing Concerns Over Mortgage and Rent Costs

Australians Cite Housing Expenses as Leading Financial Stressor in 2026?w=400

The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.

As Australians navigate the financial landscape of 2026, housing costs have emerged as the predominant concern, with 22% of respondents in Canstar's latest Consumer Pulse Report identifying mortgage and rent expenses as their primary financial stressor.
This figure has more than doubled over the past five years, reflecting the escalating burden of housing affordability.

Millennials, in particular, are feeling the pinch. Monthly repayments on a $600,000, 30-year home loan taken out before the Reserve Bank's tightening cycle have surged to approximately $3,734-a 50% increase since May 2022. Renters are also under pressure, with average weekly rents rising by $62, up from $53 the previous year.

In response to these challenges, many Australians are exploring debt consolidation as a viable solution. By combining multiple debts into a single loan, individuals can potentially secure lower interest rates and simplify their repayment schedules, thereby alleviating some of the financial strain associated with high housing costs.

It's essential for those affected to assess their financial situations comprehensively and consider all available options. Consulting with financial advisors and utilizing debt consolidation tools can provide clarity and direction in managing housing-related expenses effectively.

As the housing market continues to evolve, staying informed and proactive will be key to navigating the financial challenges that lie ahead in 2026.

Published:Wednesday, 18th Mar 2026
Author: Paige Estritori
Sources

Please Note: If this information affects you, seek advice from a licensed professional.

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Finance News

Australians Cite Housing Expenses as Leading Financial Stressor in 2026
Australians Cite Housing Expenses as Leading Financial Stressor in 2026
18 Mar 2026: Paige Estritori
As Australians navigate the financial landscape of 2026, housing costs have emerged as the predominant concern, with 22% of respondents in Canstar's latest Consumer Pulse Report identifying mortgage and rent expenses as their primary financial stressor. This figure has more than doubled over the past five years, reflecting the escalating burden of housing affordability. - read more
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The Australian Prudential Regulation Authority (APRA) has announced a significant policy change aimed at mitigating risks in the housing market. Effective February 2026, APRA will impose a cap on high debt-to-income (DTI) home loans, limiting such loans to 20% of new home lending. This measure applies to both owner-occupiers and investors, with an exemption for new housing developments. - read more


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